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Use the following to answer questions 28-35 The company has provided their trial balance at the end of January Debits Credits Cash $25,000 Accounts
Use the following to answer questions 28-35 The company has provided their trial balance at the end of January Debits Credits Cash $25,000 Accounts receivable Supplies 40,000 3,000 Prepaid expenses 18,000 Buildings/Equipment, net 1,000,000 Accounts payable $30,000 Income tax payable 25,000 Utilities payable 8,000 Deferred revenue 25,000 Notes payable 200,000 Common stock 400,000 Retained Earnings 338,000 Dividends 100,000 Service revenue 750,000 Salaries expense 400,000 Insurance expense 5,000 Advertising expense 75,000 Supplies expense 10,000 Depreciation expense 50,000 Rent expense 30,000 Utilities expense 20,000 Totals $1.776,000 $1.776.000 Based on the data provided in the trial balance find the following: 28. $ Determine Total expenses. 29. $ Determine Net income 30. $ Determine Beginning Retained Earnings 31. $ Determine Ending Retained Earnings 32. $ Determine Total Stockholders' Equity 33. $ 34. $ 35. $ Determine Total Liabilities Determine Total Assets At the beginning of January, the company had $300,000 in its common stock account. How much stock was issued during January?
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